India Cements Q4 PAT may dip 830.8% YoY to Rs 76 cr: YES Securities

YES Securities has come out with its fourth quarter (January-March’ 21) earnings estimates for the Cement and Building Materials sector. The brokerage house expects India Cements to report net profit at Rs 76 crore down 830.8% year-on-year.

Net Sales are expected to increase by 18.7 percent Y-o-Y (up 17.9 percent Q-o-Q) to Rs 1,396.5 crore, according to YES Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1,022.2 percent Y-o-Y (up 249 percent Q-o-Q) to Rs 228,1 crore.

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